Cavco Industries

Cavco Industries, Inc. engages in the development of residential modular structures. It offers manufactured homes, modular homes, park model RVs and cabins, commercial structures, mortgage lending, and insurance. The firm’s brands include Cavco, Fleetwood, Palm Harbor and Fairmont, Friendship, Chariot Eagle and Destiny. The company operates through following segments: Factory-Built Housing, which includes wholesale and retail systems-built housing operations and Financial Services, which include manufactured housing consumer finance and insurance. It also designs and produces factory-built housing products primarily distributed through a network of independent and Company-owned retailers. The company was founded in 1965 and is headquartered in Phoenix, AZ.

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Cavco Industries faces challenges but maintains strong margins and balance sheet

CVCO faced challenges in volume, revenue, and pre-tax profit, but demonstrated resilience with improved net orders and strong gross margins. The company's acquisition and share repurchases maintained a robust balance sheet. Retailer activity suggests potential for future order improvement, and the company is prepared for the return of demand.

CVCO reports consistent Q2 results, faces production challenges and opportunities

CVCO's Q2 2023 performance was marked by consistent financial results, a decrease in net revenue, and a focus on managing costs and generating cash. Despite challenges related to production outpacing orders and a decline in base business homes sold, the company's strong financial services segment and cash balance present opportunities for strategic adjustments and improvements.

Cavco Industries excels in Q3 earnings, eyes growth opportunities

Cavco Industries delivered strong financial results in Q3 2023, with revenue and profit growth driven by pricing strategies and operational efficiencies.
The company's focus on customer experience, strategic acquisitions, and operational collaboration positions it well for sustained growth and market competitiveness.
While facing challenges such as backlog fluctuations and regional risks, Cavco remains agile in seizing opportunities like increased demand and digital market expansion.
With a solid balance sheet and a commitment to through-the-cycle opportunities, Cavco is poised to navigate market uncertainties and drive long-term value creation.

Cavco Industries faces challenges but shows resilience and growth potential

Cavco Industries navigated a challenging operating environment in Q4 2023, focusing on cost management and sustaining profit amidst lower volumes. Despite revenue and profit declines, the company showcased resilience, completed a strategic acquisition, and emphasized growth opportunities in the manufactured housing business.

Cavco Industries reports steady Q1 performance amidst growth opportunities

Cavco Industries maintained stable financial performance in Q1 2024, with a focus on operational efficiency and strategic acquisitions.
While facing challenges such as lower revenue and margin pressures, the company is leveraging opportunities for growth and capital optimization.
With a strong balance sheet, focus on product enhancements, and readiness to meet increased demand, Cavco is poised for future success.
Investors can expect continued value creation through stock repurchases and operational improvements in a dynamic market environment.

Cavco Industries reports Q2 revenue of $452M, focuses on quality homes and growth opportunities

Cavco Industries navigated challenges in production and profitability, maintaining a strong backlog and cash balance while focusing on quality homes and social responsibility.
Despite margin pressures and profit decline, the company's strategic readiness for growth opportunities and market expansion positions them well for future success.
Management's emphasis on addressing housing deficits and gratitude for investor interest underscore a commitment to sustainable growth and market leadership.

Cavco Industries reports Q3 challenges, eyes strategic growth opportunities

Cavco Industries navigated challenges in Q3 2024 with a focus on strategic growth and affordable housing initiatives.
The company showcased strong financials, stable backlogs, and readiness for future expansion.
Management expressed optimism for improving market conditions and highlighted successful product developments.
Analysts raised concerns about production outlook, cost drivers, and industry capacity expansion.

Cavco Industries overcomes Q4 challenges, eyes growth opportunities ahead

Cavco Industries navigated a challenging Q4 2024 with revenue decline but showed resilience with increased backlog and cash balance. Strategic initiatives focusing on customer relationships, margin management, and retail expansion position the company for future growth amidst industry shifts and pricing pressures.

Cavco Industries reports mixed Q1 performance, eyes growth opportunities

Cavco Industries navigated a mixed performance in Q1 2025, with revenue growth in segments but challenges in profitability metrics.
The company's focus on managing costs, improving community orders, and leveraging product line strengths can drive future growth.
Despite margin pressure and profit decline, Cavco's liquidity position, backlog growth, and product reception offer optimism for the future.
Strategic actions to address challenges and capitalize on opportunities will be key for Cavco's sustained success and profitability.

Cavco Industries reports strong Q2 earnings amidst operational challenges

Cavco Industries delivered robust financial results in Q2 2025, driven by increased units sold and higher average selling prices, showcasing operational strength.
While facing challenges such as hurricane impacts and margin fluctuations, the company maintains financial stability and profitability.
Opportunities lie in leveraging strong demand, enhancing operational efficiency, and exploring new growth avenues to drive future success.
Overall, Cavco Industries' performance reflects resilience and potential for sustained growth in the dynamic housing market landscape.

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NEW YORK , Dec. 28, 2022 /PRNewswire/ --  WHY: Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Cavco Industries, Inc. (NASDAQ: CVCO) resulting from allegations that Cavco may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Cavco securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

GLOBALLY RECOGNIZED ROSEN LAW FIRM Encourages Cavco Industries, Inc. Investors to Inquire About Securities Class Action Investigation - CVCO

Cavco Industries manufactured homes offer much cheaper housing possibility than traditional home builders. Annually financial solid results; acquisition in 2021 has significantly impacted financial results, and the company is set to close another acquisition in the coming quarter.

Cavco Industries: Undeniable Long-Term Demand For Affordable Housing

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NEW YORK , Dec. 13, 2022 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Cavco Industries, Inc. (NASDAQ: CVCO) resulting from allegations that Cavco may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Cavco securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, A TOP RANKED LAW FIRM, Encourages Cavco Industries, Inc. Investors to Inquire About Securities Class Action Investigation - CVCO

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New York, New York--(Newsfile Corp. - December 7, 2022) - WHY: Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Cavco Industries, Inc. (NASDAQ: CVCO) resulting from allegations that Cavco may have issued materially misleading business information to the investing public.

ROSEN, Leading Investor Counsel, Encourages Cavco Industries, Inc. Investors to Inquire About Securities Class Action Investigation - CVCO

NEW YORK , Nov. 29, 2022 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Cavco Industries, Inc. (NASDAQ: CVCO) resulting from allegations that Cavco may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Cavco securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, LEADING INVESTOR COUNSEL, Encourages Cavco Industries, Inc. Investors with Losses to Inquire About Securities Class Action Investigation - CVCO

Cavco Industries, Inc. (NASDAQ:CVCO ) Q2 2023 Results Conference Call November 4, 2022 1:00 PM ET Company Participants Mark Fusler - Corporate Controller, IR Bill Boor - President, CEO Allison Aden - EVP, CFO Paul Bigbee - CAO Conference Call Participants Daniel Moore - CJS Securities Greg Palm - Craig-Hallum Jay McCanless - Wedbush Operator Good day, and thank you for standing by. Welcome to the Second Quarter Fiscal Year 2023 Cavco Industries Earnings Call Webcast.

Cavco Industries, Inc. (CVCO) Q2 2023 Earnings Call Transcript

Cavco (CVCO) delivered earnings and revenue surprises of 70.81% and 4.92%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Cavco (CVCO) Tops Q2 Earnings and Revenue Estimates

PHOENIX, Ariz., Oct. 27, 2022 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) (“Cavco” or the “Company”) announced today that it has signed a binding offer to acquire the business of Solitaire Homes, Inc. and other related entities (collectively “Solitaire Homes”), including its four manufacturing facilities, twenty-two retail locations and its dedicated transportation operations. Solitaire Homes is headquartered in Duncan, Oklahoma. For the calendar year ending December 31, 2021, Solitaire Homes had pro-forma earnings before taxes, depreciation and amortization of $16.5 million.

Cavco Industries Announces Planned Acquisition of Manufactured Home Builder and Retailer, Solitaire Homes

PHOENIX, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) will release earnings for the second quarter ended October 1, 2022 on Thursday, November 3, 2022 after the close of market. Senior management will discuss the results in a live webcast the following day, Friday, November 4, 2022 at 1:00 p.m. Eastern Time.

Webcast Alert: Cavco Industries, Inc. Announces Fiscal 2023 Second Quarter Earnings Release and Conference Call Webcast

Manufactured home industry tailwind to support CVCO long-term growth. CVCO scale is a huge competitive advantage against subscale players.

Cavco Industries: Industry Secular Tailwinds Support Long-Term Growth

The 184,000-square-foot facility in Hamlet, North Carolina expands the company's affordable home production capabilities The 184,000-square-foot facility in Hamlet, North Carolina expands the company's affordable home production capabilities

Cavco Industries Opens New Manufacturing Facility in the Tarheel State: Cavco Homes of North Carolina

PHOENIX, Sept. 23, 2022 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) today announced that the United States District Court for the District of Arizona approved the settlement of the Securities and Exchange Commission action against the Company. The action was based on securities trading in 2017 directed by Joseph Stegmayer, former chief executive officer, which resulted in an unrealized gain of approximately $265,000 for the Company. Without admitting or denying the findings of the consent judgment, the Company agreed to the imposition of an injunction against future violations of the antifraud and internal accounting control provisions of the Securities Exchange Act of 1934 and a monetary penalty of $1.5 million.

Cavco Industries Reports Acceptance of Settlement in SEC Action

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Cavco Industries, Inc. (NASDAQ:CVCO ) Q1 2023 Earnings Conference Call August 5, 2022 1:00 PM ET Company Participants Mark Fusler - Director, Financial Reporting and IR Bill Boor - President and CEO Allison Aden - EVP and CFO Paul Bigbee - CAO Conference Call Participants Daniel Moore - CJS Securities Greg Palm - Craig-Hallum Jay McCanless - Wedbush Operator Good day, and thank you for standing by. Welcome to the First Quarter Fiscal Year 2023 Cavco Industries, Inc. Earnings Call Webcast.

Cavco Industries, Inc. (CVCO) CEO Bill Boor on Q1 2023 Results Earnings Call Transcript

Cavco (CVCO) delivered earnings and revenue surprises of 67.85% and 46.35%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Cavco (CVCO) Q1 Earnings and Revenues Top Estimates

PHOENIX, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) today announced financial results for the first fiscal quarter ended July 2, 2022 and provided updates on other business items.

Cavco Industries Reports Fiscal 2023 First Quarter Results

PHOENIX, July 28, 2022 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) will release earnings for the first quarter ended July 2, 2022 on Thursday, August 4, 2022 after the close of market. Senior management will discuss the results in a live webcast the following day, Friday, August 5, 2022 at 1:00 p.m. Eastern Time.

News for Cavco Industries Stock (CVCO)